Sail Mortgage Corp. Rates, Fees & Info

Wexford, PA

LEI: 2549006IYID0ECYSJU25

Tax ID: 25-1613078

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Sail Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Refi loans. Sail Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, York, Harrisburg, Philadelphia, and Youngstown among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sail Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sail Mortgage Corp. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.92% 3/28/24
30 Year Conventional Refi 5.34% 3/28/24
30 Year Cash-out Refi 5.87% 3/28/24
30 Year FHA Purchase 6.96% 3/28/24
30 Year VA Purchase 5.68% 3/28/24
30 Year USDA Purchase 6.01% 3/28/24
15 Year Conventional Purchase 5.18% 3/28/24
15 Year Conventional Refi 5.48% 3/28/24
15 Year Cash-out Refi 5.48% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Sail Mortgage Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Sail Mortgage Corp.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

507

Origination Dollar Volume (All Markets)

$113,645,000

Awards

Sail Mortgage Corp. 30 Year Conventional Loans silver Sail Mortgage Corp. 30 Year Conventional Loans silver
Show all (2) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
PITTSBURGH, PA (FHA|USDA|VA) 484 $108,610,000 $224,401 $4,995 3.88%
YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,430,000 $238,333 $6,610 3.71%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $910,000 $151,667 $4,963 4.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $730,000 $365,000 $5,474 3.56%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $640,000 $320,000 $10,094 3.19%
READING, PA (FHA|USDA|VA) 1 $385,000 $385,000 $4,701 3.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $365,000 $365,000 $4,584 4.75%
Oil City, PA (FHA|USDA|VA) 2 $260,000 $130,000 $4,046 4.13%
Indiana, PA (FHA|USDA|VA) 2 $160,000 $80,000 $3,240 3.81%
New Castle, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,679 4.50%
Sail Mortgage Corp.'s top markets include Pittsburgh, York, Harrisburg, Philadelphia, and Youngstown among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Sail Mortgage Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 70
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    ARMCO CREDIT UNION
    Similarity Rank: 490
    ACNB Bank
    Similarity Rank: 504
    Mid Penn Bank
    Similarity Rank: 528

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 393 $95,855,000 $243,906 $4,642 3.84%
    FHA 69 $10,275,000 $148,913 $6,253 4.01%
    USDA 30 $3,620,000 $120,667 $4,890 4.18%
    VA 15 $3,895,000 $259,667 $9,514 3.85%

    For 2019, Sail Mortgage Corp.'s most frequently originated type of loan was Conventional, with 393 originations. Their 2nd most popular type was FHA, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 387 $81,715,000 $211,150 $5,220 3.94%
    Refi 88 $24,880,000 $282,727 $4,270 3.58%
    Cash Out Refi 32 $7,050,000 $220,313 $4,682 4.00%

    For 2019, Sail Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 387 originations. The 2nd most popular reason was Refi, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 448 $98,440,000 $219,732 $5,119 3.94%
    15 Year 41 $10,065,000 $245,488 $4,121 3.36%
    20 Year 12 $3,600,000 $300,000 $4,285 3.76%
    Other 5 $1,235,000 $247,000 $4,917 3.60%
    30+ year 1 $305,000 $305,000 $7,621 3.99%

    For 2019, Sail Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 448 originations. The 2nd most popular length was 15 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 464 $102,440,000 $220,776
    $2k-3k 20 $4,940,000 $247,000
    $3k-4k 12 $3,050,000 $254,167
    $5k+ 5 $1,555,000 $311,000
    $4k-5k 4 $1,290,000 $322,500

    Sail Mortgage Corp.'s average total fees were $5,119, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 464 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 330 $80,140,000 $242,848
    4-5% 157 $28,545,000 $181,815
    2.5-3% 15 $4,335,000 $289,000
    5-6% 5 $625,000 $125,000

    During 2019, Sail Mortgage Corp.'s average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 330 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 209 $58,885,000 $281,746 $5,418 3.76%
    $100k-200k 207 $31,575,000 $152,536 $4,652 4.01%
    $100,000 or less 50 $4,000,000 $80,000 $4,003 4.08%
    $400k-600k 39 $17,635,000 $452,179 $6,030 3.64%
    $600k-1MM 2 $1,550,000 $775,000 $7,737 3.75%

    2019 saw Sail Mortgage Corp. place emphasis on $200k-400k loans with 209 originations, totaling $58,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 112 $18,820,000 $168,036 $4,888 3.97%
    $100k-150k 109 $29,235,000 $268,211 $5,006 3.82%
    $150k-250k 105 $31,955,000 $304,333 $5,223 3.73%
    $75k-100k 89 $17,975,000 $201,966 $5,253 3.92%
    $50k or less 77 $9,035,000 $117,338 $4,639 4.02%
    $250k+ 15 $6,625,000 $441,667 $5,285 3.82%

    Sail Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 112 originations. The second most popular income band? $100k-150k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 132 $30,860,000 $233,788 $4,664 3.79%
    30-36% 110 $25,650,000 $233,182 $4,969 3.88%
    <20% 49 $10,565,000 $215,612 $4,468 3.73%
    43% 23 $4,355,000 $189,348 $5,481 3.96%
    42% 22 $4,580,000 $208,182 $5,233 3.90%
    44% 18 $4,970,000 $276,111 $5,405 4.11%
    36% 18 $3,610,000 $200,556 $4,604 3.76%
    39% 16 $3,530,000 $220,625 $5,364 4.24%
    40% 16 $3,680,000 $230,000 $4,687 3.80%
    41% 15 $2,735,000 $182,333 $4,653 3.92%
    49% 15 $3,365,000 $224,333 $6,117 3.88%
    45% 14 $2,950,000 $210,714 $5,361 4.04%
    37% 12 $2,670,000 $222,500 $5,419 4.03%
    38% 11 $2,305,000 $209,545 $6,626 3.89%
    48% 11 $2,265,000 $205,909 $5,010 4.06%
    47% 10 $1,890,000 $189,000 $5,815 4.13%
    46% 8 $2,410,000 $301,250 $5,326 3.98%
    50-60% 7 $1,255,000 $179,286 $7,415 4.11%

    Sail Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 471 $105,375,000 $223,726 $5,058 3.89%
    Asian 16 $4,230,000 $264,375 $4,503 3.69%
    Black 8 $1,590,000 $198,750 $4,712 3.94%
    Native Hawaiian or Islander 4 $960,000 $240,000 $4,053 3.78%
    American Indian 4 $790,000 $197,500 $4,343 3.91%
    Not provided 4 $700,000 $175,000 $5,075 4.00%

    Approval Rates

    Total approvals of all applications
    98.59%

    Sail Mortgage Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.74%

    Sail Mortgage Corp. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 507 $113,645,000 $224,152

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $175,000 $175,000
    Single Family (1-4 Units):Site-Built 506 $113,470,000 $224,249

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $910,000 $151,667 $3,812 3.81%
    40-60% 27 $5,595,000 $207,222 $3,899 3.62%
    60-80% 141 $34,745,000 $246,418 $4,502 3.81%
    80-100% 321 $69,855,000 $217,617 $5,260 3.93%
    Over 100% 11 $2,465,000 $224,091 $8,329 4.16%
    Under 20% 1 $75,000 $75,000 $2,820 3.00%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SW Linear Investment Group, LLC Other type of mortgage Trouble during payment process 1 100.0%